Jamie Dimon, JPMorgan Chase CEO, expressed support for Donald Trump’s tariff-heavy economic strategy, viewing tariffs as tools for negotiation and potentially beneficial for national security, despite concerns about inflation. Dimon noted the potential for lower or no tariffs if negotiations with countries like China, Mexico, and Canada succeed, while urging a measured approach to evaluate outcomes. Similarly, WTO Director-General Ngozi Okonjo-Iweala emphasized waiting for concrete actions before reacting. Economists predict tariffs could raise inflation and increase costs for consumer goods, including cars, electronics, and produce, given the reliance on trade with Mexico, China, and Canada. Dimon also revealed improved relations with Elon Musk, despite past legal disputes, calling Musk a visionary and expressing willingness to support his initiatives. Continue here.
